FOR SALE BY ONLINE AUCTION THURSDAY 25TH JANUARY 2024 AT 9.00AM. Online Property Auctions Scotland are delighted to offer this retail property on a main road in Glenrothes. Unit 24 currently houses the paying tenant Gemma Barrie who is leasing the property until Jan 2027 at £480 pcm, making for a yield of nearly 13% of Guide Price.
Description
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FOR SALE BY ONLINE AUCTION THURSDAY 25TH JANUARY 2024 AT 9.00AM. Online Property Auctions Scotland are delighted to offer this retail property on a main road in Glenrothes. Unit 24 currently houses the paying tenant Gemma Barrie who is leasing the property until Jan 2027 at £480 pcm, making for a yield of nearly 13% of Guide Price.
***Fantastic opportunity***
- Outstanding investment
- Prominent location and great local trade
- Paying tenant.
- Lease in place until January 2027
- Renting at £480 per month, inclusive of VAT, making for a yield of nearly 13%.
- VAT on property.
RETAIL UNITS: Comprise of ?? retail units of brick construction surmounted by a flat roof. The retail units form part of a larger development with residential above which are in separate ownership. Each unit benefits from a glazed frontage and singles access door to the front elevation. Internally, the units benefit from an open plan sales area with small staff and WC area to the rear.
Estimated size of each retail unit is 46.45 sq. m. (500 sq. ft.)
Glenrothes is situated in the heart of Fife, in east-central Scotland. It is about 30 miles north of Edinburgh, 30 miles south of Dundee and 8 Miles from Kirkcaldy. Glenrothes is the third largest settlement in Fife with a residential population now estimated to be in the region of 50,000. It benefits from excellent transportation links, located minutes from the A92 Fife's regional road which connects to the M90 leading to Dundee and Aberdeen. The subjects are situated on the north side Woodside Way, Glenrothes. Woodside Way is situated within the catchment of Woodside in a highly populated residential area. Nearby occupiers include Alpha Aquatic and Pets, Kandy and EasyStop LTD.
Nearby sales include:
3 Woodside Way - £98,000 - 2023
1 Woodside Way - £90,000 - 2021
7 Woodside Way - £80,000 - 2018
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.
The properties are subject to VAT.
Key Feature 1
Prominent location and great local trade
Key Feature 2
Estimated size of each retail unit is 46.45 sq. m. (500 sq. ft.)
Key Feature 3
Yield of nearly 13%